Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026)
Royal Caribbean Cruises (RCL) reported EBT Margin of 23.80% for Q2 2026, down 3.35 percentage points from 27.15% a year earlier but up 1.88 percentage points from the prior quarter.
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Analysis
Royal Caribbean Cruises (RCL) EBT Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Royal Caribbean Cruises' EBT Margin came in at 22.78%, up 3.12 percentage points year-over-year; for FY2025, it came in at 24.38%, up 6.54 percentage points from FY2024.
- EBT Margin has increased for four consecutive years, with a five-year change of +269.98 percentage points (FY2020 to FY2025).
- By year, EBT Margin came in at 17.84% in FY2024 (+5.53 pp), 12.31% in FY2023 (+36.00 pp), -23.69% in FY2022 (+312.15 pp) and -335.84% in FY2021 (-90.24 pp).
- Five-year quarterly EBT Margin spans a low of -313.53% in Q3 2021 and a high of 28.35% in Q3 2025.
- Year over year, EBT Margin gained in six of the last eight quarters, with an average year-over-year change of +4.02 percentage points.
- The high point for year-over-year EBT Margin in five years was Q4 2021 (a gain of 3628.69 percentage points); the low point was Q2 2026 (a drop of 3.35 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 21.92% (Q1 2026), 15.80% (Q4 2025) and 28.35% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Marriott International | 93.50 Bn | 91.55 Bn | 1.55 Bn | 14.76% |
| 2 | Hilton Worldwide Holdings | 72.30 Bn | 68.78 Bn | 3.08 Bn | 20.35% |
| 3 | Royal Caribbean Cruises | 64.91 Bn | 62.49 Bn | 2.29 Bn | 23.80% |
| 4 | Viking Holdings | 35.75 Bn | 20.87 Bn | 996.62 Mn | 27.14% |
| 5 | Carnival | 30.35 Bn | 23.01 Bn | - | 8.33% |
| 6 | Intercontinental Hotels | 26.52 Bn | 22.08 Bn | - | - |
| 7 | Trip.com | 25.92 Bn | -19.63 Bn | 1.84 Bn | -4.98% |
| 8 | Hyatt Hotels | 15.20 Bn | 12.68 Bn | 388.00 Mn | 9.95% |
| 9 | H World | 13.30 Bn | 4.22 Bn | - | 31.43% |
| 10 | Atour Lifestyle Holdings | 8.20 Bn | 4.90 Bn | 493.22 Mn | 23.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 23.80% |
| Mar 31, 2026 | 21.92% |
| Dec 31, 2025 | 15.80% |
| Sep 30, 2025 | 28.35% |
| Jun 30, 2025 | 27.15% |
| Mar 31, 2025 | 18.78% |
| Dec 31, 2024 | 9.60% |
| Sep 30, 2024 | 21.18% |
| Jun 30, 2024 | 19.59% |
| Mar 31, 2024 | 8.88% |
| Dec 31, 2023 | 6.81% |
| Sep 30, 2023 | 22.40% |
| Jun 30, 2023 | 12.09% |
| Mar 31, 2023 | -2.53% |
| Dec 31, 2022 | -15.51% |
| Sep 30, 2022 | -1.40% |
| Jun 30, 2022 | -23.57% |
| Mar 31, 2022 | -107.02% |
| Dec 31, 2021 | -133.56% |
| Sep 30, 2021 | -313.53% |
API Access
Royal Caribbean Cruises EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=RCL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "RCL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=RCL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();